Philadelphia Inquirer, June 15, 2010
Members of a Senate health panel questioned officials of Horizon Blue Cross Blue Shield about premium increases and the 200 people it laid off in 2009, the same year executives got large pay increases. Chief executive officer William J. Marino has been criticized in recent weeks over the $8.7 million he was paid in 2009, 59% more than in the previous year. The company has said the increase and others among the executive team were the result of one-time payments prompted by a change in tax law.
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